Incentivizing Value Capture for Greener Transportation Act
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Table of Contents
Representative Dan Molloy introduced this bill in the House. It aims to change how local governments can fund public transit projects by capturing a portion of the increased property values that often result from new transit lines or stations.
Why it matters: This is a legislative proposal meant to provide a new funding tool for local governments, though its actual impact depends on whether the bill passes and how local jurisdictions choose to use it.
Who it affects
- Local and municipal governments
This is a bill introduced in the House; please consult Congress.gov for the full text before relying on this information.
Agency: House
Source: Congress.gov — read the official document